Leejam Sports Company (SASE:1830) acquired Al-Tatheer Sports Company for SAR 12 million on June 14, 2023. This acquisition is in line with the company's strategy which aims to expand Leejam Sports Company's business base by expanding in new segments, enhancing its services and reaching a new customer base in line with the company's vision and objectives. With this acquisition, Leejam launches its new business sector, which is specialized fitness studios. This transaction was funded entirely from the operating cash flows of Leejam Sports Company. The terms of the deal have also been met, including but not limited to, obtaining the General Authority for Competition's non-objection, and the sellers' implementation of procedures and requirements that have been agreed upon.

Leejam Sports Company (SASE:1830) completed the acquisition of Al-Tatheer Sports Company on June 14, 2023.